Boeing Earnings Preview: Can This Streak Continue?

Boeing (NYSE:BA) will report earnings before markets open on Wednesday, July 24th. The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.

Here is your Cheat Sheet to Boeing Earnings:

Earnings Expectations: Analysts expect earnings of $1.57 per share on revenues of $20.75 billion. Currently, the company’s P/E ratio stands at 19.67.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.62 to a profit $1.57. For the current year, the average estimate is a profit of $6.5, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Boeing has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 60,909 68,281 64,306 68,735 81,698
Diluted EPS ($) 3.71 1.84 4.45 5.34 5.11

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 20,005.00 20,008.00 22,302.00 18,893.00
Diluted EPS ($) 1.27 1.35 1.28 1.44

Past Performance:
Boeing has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)